1999 Minnesota Statutes

     93.42 Extension of certain contracts. 

    Subdivision 1.  The commissioner of natural resources, with 
 the approval of the executive council, may extend state iron ore 
 mining contracts and leases issued pursuant to Laws of 1889, 
 chapter 22, and acts amendatory thereof, which contracts and 
 leases are in effect on April 24, 1959, upon the following terms 
 and conditions: 

    (a) Such contracts and leases may be extended for not more 
 than 25 years beyond the termination of the present term 
 thereof; 

    (b) The minimum royalties and rentals agreed upon for the 
 extended period shall be not less than those provided by section 
 93.20; 

    (c) Section 93.20, shall apply to and govern such contracts 
 and leases during the extended period, together with such 
 additional terms and conditions not inconsistent therewith as 
 may be agreed upon. 

    Subd. 2.  All applications for the extension of such 
 contracts and leases shall be submitted in writing to the 
 commissioner of natural resources within six months from April 
 25, 1959, and shall be in such form and contain such information 
 as the commissioner shall prescribe. 

    HIST: 1959 c 455 s 1,2; 1969 c 1129 art 10 s 2